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Stock Picks : Escorts Ltd and Voltas Ltd By ICICI Direct Escorts (ESCORT) Ltd   Buy Escorts Ltd @2152-2156; Target 2185; Stop Loss 2140   Voltas Ltd Sell Voltas Ltd @753-755; Target 745; Stop Loss 758.60   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and ...
Stock Picks : Escorts Ltd and Voltas Ltd By ICICI Direct
Stock Picks : Escorts Ltd and Voltas Ltd By ICICI Direct
Source: ICICI Direct
26/06/2023 11:35:52 AM
Stock Picks : Hindustan Petroleum Ltd and Escorts Ltd By ICICI Direct Hindustan Petroleum Ltd  Buy Hindustan Petroleum Ltd  @ 228.80-229.20 CMP 230.35 Stop Loss 226.90 Target 232.40   Escorts Ltd Buy Escorts Ltd @ 1898-1902CMP 1889.55 Stop Loss 1913.30 Target 1877.00     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration...
Stock Picks : Hindustan Petroleum Ltd and Escorts Ltd By ICICI Direct
Stock Picks : Hindustan Petroleum Ltd and Escorts Ltd By ICICI Direct
Source: ICICI Direct Ltd
16/03/2023 9:40:25 AM
Stock Picks - Escorts Ltd And Deepak Nitrite Ltd By ICICI Direct Escorts Ltd Buy Escorts Ltd @ 2008-2012 CMP 2030.85 Stop Loss 1991.30 Target 2027.30/2045.00   Deepak Nitrite Ltd Buy Deepak Nitrite Ltd @ 2084-2088 CMP 2103.15 Stop Loss 2104.20 Target 2070.70/2053.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ...
Stock Picks - Escorts Ltd And Deepak Nitrite Ltd By ICICI Direct
Stock Picks - Escorts Ltd And Deepak Nitrite Ltd By ICICI Direct
Source: ICICI Direct
21/11/2022 11:23:13 AM
Reduce Escorts Kubota Ltd For Target Rs.1382 - Yes Securities Dual impact of market share and margins loss Valuation and View Escorts Kubota (Escorts) 1QFY23 results were weak with EBITDA/ Adj. PAT miss by ~30/37.5% to ours and ~29/34% to street estimates. 1QFY23 witnessed dual impact of 1) market share loss by ~210bp QoQ/~140bp YoY and 2) margins contraction of ~350bp QoQ/420bp YoY to 10% (10 qtr low). Sharp decline in margins explained by 7?year low gross margins at 27.8% (est 30%, ?210bp QoQ), despite price hikes of ~2? 2.5%/~2% in 4QFY22/...
Reduce Escorts Kubota Ltd For Target Rs.1382 - Yes Securities
Reduce Escorts Kubota Ltd For Target Rs.1382 - Yes Securities
Source: Yes Securities Ltd
10/09/2022 10:23:17 AM
Neutral Escorts Ltd For Target Rs.1,575 - Motilal Oswal Financial Services Ltd MTBP focuses on three key objectives. ESCORTS unveiled its medium term business plan (MTBP) with three objectives: * Kubota to become the numero uno global Tractor manufacturer in terms of volumes. * Expand revenue and improve profitability in Kubota. * Promotion of farm mechanization globally To attain these objectives: * Establish a R&D center for designing new platforms of value innovative basic machinery up to 120HP. * By leveraging ESCORTS’ frugal manufactu...
Neutral Escorts Ltd For Target Rs.1,575 - Motilal Oswal Financial Services Ltd
Neutral Escorts Ltd For Target Rs.1,575 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2/09/2022 10:37:17 AM
Escorts Kubota gains as its Agri Machinery Segment sales rises 7.3% in August 2022 Escorts Kubota is currently trading at Rs. 2020.90, up by 26.35 points or 1.32% from its previous closing of Rs. 1994.55 on the BSE. The scrip opened at Rs. 1984.00 and has touched a high and low of Rs. 2042.35 and Rs. 1972.75 respectively. So far 11477 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,042.35 on 1-Sep-2022 and a 52 week low of Rs. 1287.85 on 02-Sep-2021. Last one week high and low of the scrip ...
Escorts Kubota gains as its Agri Machinery Segment sales rises 7.3% in August 2022
Escorts Kubota gains as its Agri Machinery Segment sales rises 7.3% in August 2022
Source: Accord Fintech
1/09/2022 12:13:07 PM
Update On Escorts Ltd By ARETE Securities Escorts Kubota Ltd. (EKL) reported net sales of INR 20.1 bn in 1Q FY23 (~20.1% increase over INR 16.8 bn YoY) and a PAT of INR 1.5 bn (down 20.4% YoY). Escorts Farm Equipment (EFE) segment volume increased by 3.3% to 26797 units while Escorts Construction Equipment (ECE) segment volume declined increased 59.4% to 966 units. EBITDAM (excluding other income) deteriorated by 423 bps YoY (deteriorated 307 bps QoQ) on the back of higher RM cost costs and higher other expenses. RM cost as % of sale...
Update On Escorts Ltd By ARETE Securities
Update On Escorts Ltd By ARETE Securities
Source: ARETE Securities Ltd
3/08/2022 1:34:01 PM
Escorts Kubota`s Agri Machinery division to increases prices of tractors Escorts Kubota’s Agri Machinery division is all set to increases the prices of its tractors effective July 10, 2022. There has been a steady rise in commodity prices necessitating a price hike to partially offset the rise in input cost due to continuing inflation. The increase in prices would vary across models and variants. Escorts Kubota is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic...
Escorts Kubota`s Agri Machinery division to increases prices of tractors
Escorts Kubota`s Agri Machinery division to increases prices of tractors
Source: Accord Fintech
7/07/2022 9:34:24 AM
Reduce Escorts Ltd For Target Rs.1,464 - Yes Securities Market share gains efforts not yielding results Valuation and View Escorts (ESC) 4QFY22 results were in line across all fronts, wherein gross margins came in at ~29.6% (‐20bp QoQ). This was the lowest in last 7 years largely led by lag in RM pass through. Post the cut in growth guidance for 3 times, the management remain hopeful for tractor industry growth in FY23 with ~15‐20% growth expected in 1QFY23. We believe while demand sentiments have been impacted by product price hikes (~11‐15...
Reduce Escorts Ltd For Target Rs.1,464 - Yes Securities
Reduce Escorts Ltd For Target Rs.1,464 - Yes Securities
Source: Yes Securities Ltd
17/05/2022 12:31:25 PM
Escorts moves up on lining up capex of up to Rs 400 crore for ongoing fiscal Escorts is currently trading at Rs. 1619.90, up by 70.90 points or 4.58% from its previous closing of Rs. 1549.00 on the BSE. The scrip opened at Rs. 1550.00 and has touched a high and low of Rs. 1624.35 and Rs. 1550.00 respectively. So far 16492 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1930.00 on 05-Apr-2022 and a 52 week low of Rs. 1113.05 on 17-May-2021. Last one week high and low of the scrip stood a...
Escorts moves up on lining up capex of up to Rs 400 crore for ongoing fiscal
Escorts moves up on lining up capex of up to Rs 400 crore for ongoing fiscal
Source: Accord Fintech
16/05/2022 11:06:17 AM
Neutral Escorts Ltd For Target Rs.1,750 - Motilal Oswal Numbers above our estimate at 8.3k, up 19% YoY Construction equipment wholesale numbers at 340 units Tractor dispatches grew 19% YoY to 8.3k units (v/s est. 7k units). Domestic tractor wholesales grew 20% YoY to 7.7k units (v/s est. 6k units). Exports rose 9% YoY to 649 units (v/s est. 1k units) Sales of construction equipment grew 80% YoY to 340 units. We expect tractor volumes to decline ~5% YoY in FY23, implying a monthly runrate of ~7.4k units, or a 7% YoY residual decline....
Neutral Escorts Ltd For Target Rs.1,750 - Motilal Oswal
Neutral Escorts Ltd For Target Rs.1,750 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
4/05/2022 9:34:29 AM
Escorts Agri Machinery records 18% decline in March tractor sales Escorts Agri Machinery sold 10,074 tractors in the month of March 2022 compared to 12,337 tractors in March 2021, recording a decline of 18.3%. Domestic tractor sales declined 19.2% to 9,483 tractors while exports fell 2.6% to 591 tractors during the month. During next year, the tractor demand is expected to improve led by higher Rabi output, good level of water reservoirs, increased Union budget allocations to rural and agri sector coupled with favourable crop prices, and initial positive fo...
Escorts Agri Machinery records 18% decline in March tractor sales
Escorts Agri Machinery records 18% decline in March tractor sales
Source: Dion Global Solutions Ltd
1/04/2022 2:28:41 PM
Buy Escorts Ltd For Target Rs.2,200 - ICICI Direct Tractor growth to likely resume from FY23E… About the stock: Escorts is India’s fourth largest tractor maker (11.3% FY21 market share) and also serves the domestic construction equipment, railways space. FY21 sales mix – tractors 82%, construction equipment 11%, railways 7% Past five year CAGR: 44.9%, 59.8% in EBITDA, PAT; cash positive b/s   Q3FY22 Results: The company posted a stable Q3FY22 performance. Total operating income at | 1,957.5 crores dow...
Buy Escorts Ltd For Target Rs.2,200 - ICICI Direct
Buy Escorts Ltd For Target Rs.2,200 - ICICI Direct
Source: ICICI Direct
3/03/2022 2:59:52 PM
Update On Escorts Ltd By ARETE Securities Escorts Ltd. (EL) reported net sales of INR 19.6 bn in 3Q FY22 (~3% fall over INR 20.2 bn YoY) and a PAT of INR 2.01 bn (down 28.2% YoY). Escorts Farm Equipment (EFE) segment volume declined 19.8% to 25325 units while Escorts Construction Equipment (ECE) segment volume declined 8.2% to 1151 units. EBITDAM (excluding other income) deteriorated by 453 bps YoY (improved 88 bps QoQ) on the back of higher RM cost costs and negative operating leverage. RM cost as % of sales increased 458 bps due to...
Update On Escorts Ltd By ARETE Securities
Update On Escorts Ltd By ARETE Securities
Source: ARETE Securities Ltd
15/02/2022 10:13:54 AM
High Potential: Brokerages bullish on TCS, Escorts, Relaxo, HUL stocks for 2022 For 2022, brokerage houses are bullish on a variety of stocks including TCS, Escorts, Relaxo, HUL for 2022. Accordingly, Motilal Oswal Financial Services has given a buy call for large-cap stocks such as TCS, ICICI Bank, Bharti Airtel, L&T, Godrej Consumer Products, Divi's Labs, Titan, Tata Motors and Reliance Industries. In the mid-cap space, Angel One, Macrotech Developers, Ramco Cement, Zensar Tech and Devyani International are some of the top picks from MOFSL. Further, HD...
High Potential: Brokerages bullish on TCS, Escorts, Relaxo, HUL stocks for 2022
High Potential: Brokerages bullish on TCS, Escorts, Relaxo, HUL stocks for 2022
Source: IANS
1/01/2022 12:25:17 PM
Escorts surges on getting shareholders nod for preferential allotment of shares to Japan's Kubota Escorts is currently trading at Rs. 1836.65, up by 22.70 points or 1.25% from its previous closing of Rs. 1813.95 on the BSE. The scrip opened at Rs. 1830.00 and has touched a high and low of Rs. 1843.95 and Rs. 1816.80 respectively. So far 15125 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1897.80 on 09-Dec-2021 and a 52 week low of Rs. 1100.10 on 03-May-2021. Last one week high and low of the scrip stood a...
Escorts surges on getting shareholders nod for preferential allotment of shares to Japan's Kubota
Escorts surges on getting shareholders nod for preferential allotment of shares to Japan's Kubota
Source: Accord Fintech
21/12/2021 1:48:59 PM
Buy Escorts Ltd For Target Rs.2,200 - ICICI Direct Kubota takes a co-driver seat, now a joint promoter ... About the stock: Escorts is India’s fourth largest tractor maker (11.3% FY21 market share) and also serves the domestic construction equipment, railways space. * FY21 sales mix – tractors 82%, construction equipment 11%, railways 7% * Past five year’s CAGR: 44.9%, 59.8% in EBITDA, PAT; cash positive b/s   Company Update: Escorts to issue 93.64 lakh equity shares via preferential allotment to Kubota a...
Buy Escorts Ltd For Target Rs.2,200 - ICICI Direct
Buy Escorts Ltd For Target Rs.2,200 - ICICI Direct
Source: ICICI Direct
20/12/2021 8:56:29 AM
Buy Escorts Ltd For Target Rs.1,900 - ICICI Direct Robust capital efficiency, healthy b/s merit upgrade About the stock: Escorts is India’s fourth largest tractor maker (11.3% FY21 market share) and also serves the domestic construction equipment, railways space. * FY21 sales mix – tractors 82%, construction equipment 11%, railways 7% * Past five year’s CAGR: 44.9%, 59.8% in EBITDA, PAT; cash positive b/s   Q2FY22 Results: The company posted a decent Q2FY22 performance. * Total operating income at | 1,...
Buy Escorts Ltd For Target Rs.1,900 - ICICI Direct
Buy Escorts Ltd For Target Rs.1,900 - ICICI Direct
Source: ICICI Direct
9/12/2021 8:52:52 AM
Key News - Maruti Suzuki, Tata Power Company Ltd, BSNL, TVS Motor Company Ltd, Escorts Ltd, Nykaa By ARETE Securities Key News Maruti Suzuki total sales decline 9% YoY in Nov due to chip crisis Carmaker Maruti Suzuki's total sales fell 9.16% to 139,184 units in November 2021 as against 153,223 units in November 2020. Total sales in the month include domestic sales of 113,017 units (down 18.67% YoY), sales to other OEM of 4,774 units (down 9.29% YoY) and its highest ever monthly exports of 21,393 units (up 137.59% YoY). "The shortage of electronic components had a minor impact on the production...
Key News - Maruti Suzuki, Tata Power Company Ltd, BSNL, TVS Motor Company Ltd, Escorts Ltd, Nykaa By ARETE Securities
Key News - Maruti Suzuki, Tata Power Company Ltd, BSNL, TVS Motor Company Ltd, Escorts Ltd, Nykaa By ARETE Securities
Source: ARETE Securities Ltd
2/12/2021 9:33:10 AM
Hold Escorts Ltd For Target Rs.1,600 - Emkay Global In-line EBITDA; company remains a potential acquisition target; Hold * Q2FY22 EBITDA declined 30% yoy to Rs2.1bn, in line with our estimates. Revenue fell 1% to Rs16.6bn, above our estimate of Rs16bn, due to higher realizations in the Agri segment. Construction Equipment (CE)/Railways revenue rose 59%/6% to Rs2.5bn/ Rs1.7bn, while Agri revenue declined by 6% to Rs12.4bn. * Tractor outlook is subdued for H2FY22 on account of a high base of last year. Rural sentiments have been temporaril...
Hold Escorts Ltd For Target Rs.1,600 - Emkay Global
Hold Escorts Ltd For Target Rs.1,600 - Emkay Global
Source: Emkay Global Financial Services Ltd
26/11/2021 11:21:47 AM
Neutral Escorts Ltd For Target Rs.1,700 - Motilal Oswal Kubota to hike stake via preferential allotment, open offer Stake to rise to 53.5% | FY23E cash to increase to INR58.7b ESC’s board on 18th Nov’21 approved sale of ~6.4% stake in the company to Japan’s Kubota Corp. for ~INR18.7b (at INR2,000/share), taking Kubota’s stake to ~16.4% (after the extinguishment of the first round of treasury shares). This will trigger an open offer by Kubota for a 26% stake in ESC. Assuming the successful open offer and cancellation o...
Neutral Escorts Ltd For Target Rs.1,700 - Motilal Oswal
Neutral Escorts Ltd For Target Rs.1,700 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
22/11/2021 10:27:57 AM
Kubota raises stake worth Rs 1,872 crore in Escorts Japan-based farm equipment maker Kubota Corporation as raised its stake in Escorts worth Rs 1,872.74 crore in a bid to "strengthen their partnership". In a statement, Escorts said that it will issue 9,363,726 equity shares to Kubota through the preferential route at a price of Rs 2,000 per share. Post allotment, Kubota's total stake in Escorts will be 14.99 per cent. "Kubota will also make an open offer to the public shareholders of Escorts to acquire up to 26 per ...
Kubota raises stake worth Rs 1,872 crore in Escorts
Kubota raises stake worth Rs 1,872 crore in Escorts
Source: IANS
19/11/2021 9:44:08 AM
Escorts Limited & Kubota Corporation reinforce their long-standing partnership - Edelweiss Financial Services New Delhi : Escorts Limited (“Escorts”) and Kubota Corporation (“Kubota”), a global leader (Market Cap of ~US$ 24 Bn) in tractor and machinery, have decided to strengthen their partnership in pursuit of their vision of global leadership in Agri Machinery. As part of this, Kubota Corporation shall increase its equity stake in Escorts by subscribing to new equity shares proposed to be issued by Escorts and shall become a joint promoter along with existing promoter o...
Escorts Limited & Kubota Corporation reinforce their long-standing partnership - Edelweiss Financial Services
Escorts Limited & Kubota Corporation reinforce their long-standing partnership - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
18/11/2021 3:40:44 PM
Hold Escorts Ltd For Target Rs.1,629 - ARETE Securities Escorts Ltd. (EL) reported net sales of INR 16.6 bn in 2Q FY22 (~1.4% increase over INR 16.4 bn YoY) and a PAT of INR 1.76 bn (down 23.1% YoY). Escorts Farm Equipment (EFE) segment volume declined 13.8% while Escorts Construction Equipment (ECE) segment volume increased 30.8%. EBITDAM (excluding other income) deteriorated by 571 bps YoY (-131 bps QoQ) on the back of higher costs and negative operating leverage. RM cost as % of sales increased 299 bps due to higher metal prices. Operating &...
Hold Escorts Ltd For Target Rs.1,629 - ARETE Securities
Hold Escorts Ltd For Target Rs.1,629 - ARETE Securities
Source: ARETE Securities Ltd
16/11/2021 5:26:36 PM
Buy Escorts Ltd Target Rs. 1585 - Religare Broking Derivative Ideas  ESCORTS FUT has added around 30% in open interest as fresh long build up was seen in it. Current chart pattern also indicates further upmove in its price. We suggest buying in cash market per below levels. Strategy:- Buy ESCORTS@1538-1540, SLOSS AT 1514, TRGT 1585.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ0...
Buy Escorts Ltd Target Rs. 1585 - Religare Broking
Buy Escorts Ltd Target Rs. 1585 - Religare Broking
Source: Religare Broking Ltd
19/10/2021 10:52:43 AM
Stock Picks - Escorts Ltd and Havells India Ltd By ICICI Direct Escorts Buy Escorts Ltd @ 1520.00-1522.00 CMP 1522.55 TGT 1549.50 SL 1505.70   Havells India Buy Havells India Ltd @ 1399.00-1401.00 CMP 1399.65 TGT 1426.90 SL 1385.80   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & academic pur...
Stock Picks - Escorts Ltd and Havells India Ltd By ICICI Direct
Stock Picks - Escorts Ltd and Havells India Ltd By ICICI Direct
Source: ICICI Direct
8/10/2021 11:11:49 AM
Quote on Escorts Volumes by Mr. Milan Desai, Angel One Ltd Below is quote on Escorts Volumes by Mr. Milan Desai, Lead Equity Analyst, Angel One Ltd Escorts Ltd has reported a lower than expected MoM increase in domestic tractor sales for Sep’21. The domestic volumes grew 62.1% MoM to 7,975 units while Exports have been up 8.8% to 841 units. Owing to the higher base the domestic volumes have declined by -30.4% YoY, which is along the expected lines, and we expect industry volumes to continue the declining traject...
Quote on Escorts Volumes by Mr. Milan Desai, Angel One Ltd
Quote on Escorts Volumes by Mr. Milan Desai, Angel One Ltd
Source: Angel One Ltd
1/10/2021 12:36:37 PM
Hold Escorts Ltd For Target Rs.1,325 - ICICI Direct Subdued tractor outlook to weigh… About the stock: Escorts is India’s fourth largest tractor maker (11.3% FY21 market share) and also serves the domestic construction equipment, railways space. * FY21 sales mix – tractors 82%, construction equipment 11%, railways 7% * Past five year CAGR: 44.9%, 59.8% in EBITDA, PAT; cash positive b/s   Q1FY22 Results: The company posted a relatively healthy Q1FY22 performance. * Total operating income declined 24.4% ...
Hold Escorts Ltd For Target Rs.1,325 - ICICI Direct
Hold Escorts Ltd For Target Rs.1,325 - ICICI Direct
Source: ICICI Direct
21/09/2021 11:30:49 AM
Neutral Escorts Ltd : Above our estimate; a strong showing in Tractors, but the cycle is turning - Motilal Oswal Neutral Escorts Ltd For Target Rs.1,270 Above our estimate; a strong showing in Tractors, but the cycle is turning Single-digit growth in FY22 implies a residual decline in single-digit * Operating performance in 1QFY22 was driven by strong growth in the Tractor business (benefitting from the mix). The demand outlook is turning murky, which raises uncertainties over the next 12-15 months, though Kubota JV, leaner cost structure, recovery in the Railways/Construction Equipment, and a ...
Neutral Escorts Ltd : Above our estimate; a strong showing in Tractors, but the cycle is turning - Motilal Oswal
Neutral Escorts Ltd : Above our estimate; a strong showing in Tractors, but the cycle is turning - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/09/2021 9:24:48 AM
Quote on Escorts Monthly Volumes by Mr. Milan Desai, Angel Broking Below is quote on Escorts Monthly Volumes by Mr. Milan Desai, Lead Equity Analyst, Angel Broking  Escorts Ltd total monthly sales declined by ~22% MoM to 5,693 units, which is slightly below expectations. Domestic tractor sales were down 27% MoM to 4920 units while Exports were up 52% MoM to 773 units. The domestic growth is close to ~7% higher than average levels of FY19/20 and is in line with management commentary for the residual volume growth for FY22. We ...
Quote on Escorts Monthly Volumes by Mr. Milan Desai, Angel Broking
Quote on Escorts Monthly Volumes by Mr. Milan Desai, Angel Broking
Source: Angel Broking Ltd
1/09/2021 12:30:35 PM
LKP Spade, Weekly Pick - Buy Escorts Limited For Target Rs. 1360 - LKP Securities * Stock has given fresh breakouts on daily chart above its strong hurdle zone. * Good volume activity has been witnessed at the time of breakout. * Both momentum indicator RSI & MACD is ranging in positive territory. Buy Escorts Limited - BUY @ 1270-1280 TGT 1360 Stop Loss Below Rs. 1200 CB Duration 1 Week   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at www.lkpsec.com/#foo &nbs...
LKP Spade, Weekly Pick - Buy Escorts Limited For Target Rs. 1360 - LKP Securities
LKP Spade, Weekly Pick - Buy Escorts Limited For Target Rs. 1360 - LKP Securities
Source: LKP Securities Ltd
16/08/2021 10:21:01 AM
Quote on Escorts Ltd Monthly Volumes by Mr. Milan Desai, Angel Broking Ltd Below are Quote on Escorts Monthly Volumes by Mr. Milan Desai, Lead Equity Analyst, Angel Broking    Escorts Ltd monthly wholesale numbers have rebounded strongly in Jun’21, growing at 95.1% MoM. On YoY basis, the volumes grew by 15.5%. June has experienced gradual opening after situation started to normalize in the last week of May. The rural economy was impacted severely this time around but has shown strength as the economics are favourable. Domestic ...
Quote on Escorts Ltd Monthly Volumes by Mr. Milan Desai, Angel Broking Ltd
Quote on Escorts Ltd Monthly Volumes by Mr. Milan Desai, Angel Broking Ltd
Source: Angel Broking Ltd
1/07/2021 11:19:24 AM
Neutral Escorts Ltd For Target Rs.1,300 - Motilal Oswal Cost inflation impacts performance Management expects mid-single digit growth for Tractors in FY22 * ESC’s 4QFY21 operating performance was impacted by commodity cost inflation, but was partially offset by operating leverage benefits in other businesses. While its near term demand outlook looks weak due to sporadic lockdowns, the management expects a strong recovery post lifting of lockdown restrictions, leading to mid-single digit growth guidance for the Tractor industry in FY2...
Neutral Escorts Ltd For Target Rs.1,300 - Motilal Oswal
Neutral Escorts Ltd For Target Rs.1,300 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
5/06/2021 12:01:08 PM
Escorts monthly wholesale numbers for May`21 by Milan Desai, Angel Broking Below are Views On Escorts monthly wholesale numbers for May`21 by Milan Desai, Lead Equity Analyst, Angel Broking   Escorts monthly wholesale numbers for May’21 declined by 8% MoM to 6,423 units, impacted by the second wave of Covid-19, especially in rural India. The management had shared earlier during the result call that ~65% of the dealerships were partially or fully shut and there was decline in walk-ins. Domestic sales for May’21 stood at 6...
Escorts monthly wholesale numbers for May`21 by Milan Desai, Angel Broking
Escorts monthly wholesale numbers for May`21 by Milan Desai, Angel Broking
Source: Angel Broking Ltd
1/06/2021 11:35:48 AM
Hold Escorts Ltd For Target Rs. 1,140 - ICICI Direct Topline, bottomline prospects dip… Escorts reported a steady operational performance in Q4FY21. Total operating income was at | 2,211 crore, up 60.1% YoY. Within its segments, gross revenue from tractors was at | 1,739 crore (volumes up 62.1% YoY to 32,588 units, ASPs up 1.9% QoQ to | 5.33 lakh/unit). Gross revenue from construction equipment (CE) grew 53.3% YoY to | 322 crore while railway equipment division (RED) posted revenue growth of 35.6% YoY to | 146 crore. EBITDA margins...
Hold Escorts Ltd For Target Rs. 1,140 - ICICI Direct
Hold Escorts Ltd For Target Rs. 1,140 - ICICI Direct
Source: ICICI Direct
27/05/2021 11:12:51 AM
Escorts Ltd announces Covid-relief measures for customers In order to support the farming community amid the second wave of Covid-19, engineering conglomerate Escorts Ltd on Wednesday announced Covid-19 relief measures for its customers across India, which include Covid support to cover expenses in case of hospitalisation and home treatment expenses. In a program titled 'Escorts Covid Kavach', Escorts in association with an insurance partner, will extend Covid aid of up to Rs 1,50,000 in case of Covid-19 related hospitalization and up to ...
Escorts Ltd announces Covid-relief measures for customers
Escorts Ltd announces Covid-relief measures for customers
Source: IANS
26/05/2021 12:03:58 PM
Mid Cap : Accumulate Escorts Ltd For Target Rs.1,283 - Geojit Financial Accumulate for long term.. Escorts Ltd (EL) is the third largest Agricultural tractor manufacturer in India. It has strong presence in the north and west market, with an overall market share of 11.3% as on FY21. * Q4FY21 revenue grew by 60%YoY largely on account of higher tractor sales of 62%YoY and 63%YoY from the construction equipment's segment. * EBITDA margin expanded by150bps due to better product mix, price hike and cost reduction. PAT grew by 93.5%YoY. * The government...
Mid Cap : Accumulate Escorts Ltd For Target Rs.1,283 - Geojit Financial
Mid Cap : Accumulate Escorts Ltd For Target Rs.1,283 - Geojit Financial
Source: Geojit Financial Services Ltd
18/05/2021 3:28:42 PM
Stock Picks - Aurobindo Pharma Ltd and Escorts​​​​​​​ Ltd By ICICI Direct Aurobindo Pharma Buy Aurobindo Pharma Limited @ 1018.00-1022.00 CMP 1020.00 TGT 1040.00 SL 1009.40   Escorts Buy Escorts Limited @ 1163.00-1167.00 CMP 1165.00 TGT 1187.00 SL 1153.70   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for inform...
Stock Picks - Aurobindo Pharma Ltd and Escorts​​​​​​​ Ltd By ICICI Direct
Stock Picks - Aurobindo Pharma Ltd and Escorts​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
10/05/2021 11:30:31 AM
Escorts April`21 sales numbers by Mr. Jyoti Roy, Angel Broking Ltd Below are Quote on Escorts Apr`21 sales numbers by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd Escorts reported monthly wholesales numbers of 6,979 units for Apr’21 as compared to sales of 705 units in Apr’20 when production was impacted due to the nationwide lockdowns imposed by the central Government. Domestic sales stood for Apr’21 stood at 6,386 units while exports sales stood at 593 units. While sales were up on a YoY basis...
Escorts April`21 sales numbers by Mr. Jyoti Roy, Angel Broking Ltd
Escorts April`21 sales numbers by Mr. Jyoti Roy, Angel Broking Ltd
Source: Angel Broking Ltd
3/05/2021 2:02:07 PM
Escorts gains on the BSE Escorts is currently trading at Rs. 1148.65, up by 18.40 points or 1.63% from its previous closing of Rs. 1130.25 on the BSE. The scrip opened at Rs. 1122.25 and has touched a high and low of Rs. 1156.70 and Rs. 1111.90 respectively. So far 85197 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1468.40 on 09-Feb-2021 and a 52 week low of Rs. 667.50 on 04-May-2020. Last one week high and low of the scrip stood at...
Escorts gains on the BSE
Escorts gains on the BSE
Source: Accord Fintech
30/04/2021 11:46:44 AM
Escorts has reported ~17% Volume growth in 11MFY21 By Amarjeet Maurya, Angel Broking Ltd Below are Views On Escorts has reported ~17% Volume growth in 11MFY21 on back of positive macroeconomic  By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd Escorts has reported ~17% Volume growth in 11MFY21 on back of positive macroeconomic factors and strong rural cash flows. The supply side situation is normal, but rising inflation continues to be a worry. Hence, the company is taking the price of its tractors from 1st April 2021. There has been a st...
Escorts has reported ~17% Volume growth in 11MFY21 By Amarjeet Maurya, Angel Broking Ltd
Escorts has reported ~17% Volume growth in 11MFY21 By Amarjeet Maurya, Angel Broking Ltd
Source: Angel Broking Ltd
24/03/2021 5:04:32 PM
Stock Picks - Tata Consultancy Services and Escorts Ltd By ICICI Direct Stock Picks Tata Consultancy Services  Buy Tata Consultancy Services @ 3070.00-3077.00 CMP 3069.00 TGT 3099.80 SL 1504.20   Escorts Ltd  Buy Escorts Ltd @ 1365.00-1369.00 CMP 1366.00 TGT 1378.30 SL 1355.20     To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above views are of the author and not of the website kindly read discla...
Stock Picks - Tata Consultancy Services and Escorts Ltd By ICICI Direct
Stock Picks - Tata Consultancy Services and Escorts Ltd By ICICI Direct
Source: ICICI Direct
10/03/2021 11:19:20 AM
Buy Escorts Ltd For Target Rs.1577 - SPA Securities Escorts Ltd. (EL) reported net sales of INR 20.1 bn in 3Q FY21 (~23.5% increase over INR 16.3 bn YoY) and a PAT of INR 2.8 bn (up 83% YoY). Escorts Farm Equipment (EFE) segment volume increased 25.7% while Escorts Construction Equipment (ECE) segment volume a increased 20.1%. EBITDAM (excluding other income) improved by 505 bps YoY (-30 bps QoQ) on the back of improving product mix, benign commodity prices and various cost cutting measures and positive operating leverage and. RM cost as % of ...
Buy Escorts Ltd For Target Rs.1577 - SPA Securities
Buy Escorts Ltd For Target Rs.1577 - SPA Securities
Source: SPA Securities Ltd
20/02/2021 10:02:43 AM
Buy Escorts Ltd For Target Rs.1,500 - Emkay Global Strong operational performance; maintain Buy * Q3FY21 EBITDA margin expanded by 510bps to 18%, above the estimate of 14.9% mainly due to better gross margin and cost savings. OPM is expected to taper ahead, owing to commodity inflation and increase in marketing spends. * FY21E revenue is expected to grow 12% to Rs64.8bn, led by robust growth in Tractors. Despite tapering of growth in Tractors, double-digit growth (11% CAGR) is likely to continue over FY21-23E, led by growth of 23%/15% ...
Buy Escorts Ltd For Target Rs.1,500 - Emkay Global
Buy Escorts Ltd For Target Rs.1,500 - Emkay Global
Source: Emkay Global Financial Services Ltd
9/02/2021 12:20:59 PM
Buy Escorts Ltd For Target Rs. 1160 - Religare Broking Religare Super Idea**   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaimer
Buy Escorts Ltd For Target Rs. 1160 - Religare Broking
Buy Escorts Ltd For Target Rs. 1160 - Religare Broking
Source: Religare Broking Ltd
27/01/2021 10:12:28 AM